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<br />91 <br /> <br />AI1El'Wì'mNTNO. 1 <br />TO THE EMBER INDUSTRIES TEXAS COMMUNITY <br />DEVELOPMENT PROGRAf1 LO.AN CONTRACT <br />FOR AN ECONOMIC DEVELOP~ŒNT PRO,TECT <br /> <br />The Cit:y of San ì'1arcos, Texas, "Ci+-y", an.-] I~mber <br />Industries, Inc., "Ember", do hereby amend their cont-.ract:. of <br />November 12, 1986 for an economic development:. project:. under <br />the Texas Communi+-_y Development Program as follows: <br /> <br />Part 1. - Covenants, Section 2. D. is deleted and the <br />following is substituted therefor: <br /> <br />2. <br /> <br />Ember agrees t:.o: <br /> <br />D. <br /> <br />Repay t-.he loan as per t-.he fol J owing schedul e: <br /> <br />Beginning January 30, 1988, and monthJ.y <br />thereafter on the 30th of the month maJçe <br />payment_s +.ot.aling $2,778.13 per mon+.h unt-.il <br />December 30, 1988. <br /> <br />j"1ake quarterl y payment_s of $8ŒH. (".11 each on <br />March 30, 1989, June 30, 1989, September 30, <br />1989 and December 30, 1989. <br /> <br />~1ake semi-annual payment.s of $15,335.25 each <br />on June 30, 1990, and December 30, 1990. <br /> <br />f\1ake semi-annual payment-.s of $14,668. sa each <br />on ,June 313, 1991, and December 30, 1991. <br /> <br />J\1ake semi-annual payment-_s of $14, 0Ø1. 75 each <br />on June 30, 1992, and D(~cember 30, 1992. <br /> <br />A maximum ten day grace period is granted <br />following each due date. <br /> <br />EXECUTED -t.his <br /> <br />26 <br /> <br />day of <br /> <br />January <br /> <br />, 1988. <br /> <br /> <br /> <br />tmb~;:~;L <br /> <br /> <br />þ~ MacMullen <br />// President-. <br />¡ " <br /> <br />{;/ <br />